3624 Laurel Ave · Omaha, NE 68111

$92,500

2 bd · 1.0 ba · 1,142 sqft · SingleFamily public records

Built 1951 4,356 sqft lot Est $147k · 37% under

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Why this score? — see what drove the A grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +30.0/30.0
• ARV discount +15.0/15.0
• DSCR +10.0/10.0
• Appreciation +10.0/10.0
• 1% rule +8.9/10.0
• Livability +4.2/5.0
• Rent growth +3.3/5.0
• Condition / age +2.5/5.0
• Schools +2.1/10.0

Listing remarks

This two bedroom one bath raised ranch has a ton of potential and is ready for a new owner to love! Features include wood floors, ceiling fans thru out. Finished lower level with spacious office, oversized one car garage. Located close to schools, shops and restaurants

Key facts

• 4,356 sq ft lot
• Garage
• Built 1951

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $92k.

Deal economics

• At list price, monthly cash flow is $374 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $92k).
• Cap rate 11.1% vs local median 3.6% in Omaha — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 84/100 on livability (#7 in NE, #663 nationally) — a professional / high-income tenant draw. Strengths: amenities A+, commute A+, cost of living A+; Watch: crime F.
• Omaha Public Schools (urban): math 20% / reading 28% proficiency, ranked #110 of 111 in NE (top 99%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 62% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: Belvedere Elementary School (math 2% / reading 12%, grade F, #497 of 502 statewide, top 99%, 366 students, 0% FRL); Mc Millan Magnet Middle School (math 12% / reading 20%, grade F, #124 of 128 statewide, top 97%, 751 students, 0% FRL); North High School (math 21% / reading 25%, grade F, #247 of 261 statewide, top 95%, 1,796 students, 0% FRL) — zoned schools average 0% FRL vs 62% district-wide (62 pts lower); this property's tenant base skews higher-income than the district average.
• Market conditions: Rents rising (+3.2%/yr); 140 active listings in the ZIP; 25 comparable units currently listed for rent nearby; rentals at typical pace (median 26d on market — plan ~3-4 weeks tenant-placement turnaround); lower-income renter base — watch delinquency; 4,539 units permitted in Douglas County in 2024 (2,583 in 5+ unit buildings).
• This rent runs 36% of the median local income ($42k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• In year one you build about $10k of equity ($640 loan paydown + $9k appreciation (10.0% local appreciation)).
• Douglas County population projected at +28% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (10.0% appreciation + 3.2% rent growth), your $26k cash investment doubles in ~2 years — after that, you're playing with house money.
• By year 4, paydown + projected appreciation supports a ~$35k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• Only 0 days on market — expect competitive offers; lowballing is unlikely to land.
• Current owner paid $55k; list at $92k implies a 68% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1951 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $92,500

Questions for the listing agent

1. Built in 1951 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
4. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
5. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
6. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 1.39% ✓
• Cap rate: 11.14%
• Cash-on-cash: 17.31%
• DSCR: 1.77
• GRM: 6.0

CMA / ARV

• ARV (on-the-fly): $147,318
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
3167 Curtis Ave	0.42mi	3/1.0 (+1)	1,132 (-1%)	6mo	$130,000	$115	70
5307 N 42nd St	0.57mi	3/1.0 (+1)	1,120 (-2%)	2mo	$177,000	$158	63
4026 Camden Ave	0.55mi	3/1.0 (+1)	1,094 (-4%)	4mo	$152,500	$139	60
3312 Camden Ave	0.51mi	3/2.0 (+1)	1,090 (-5%)	4mo	$189,000	$173	56
3405 Ernst St	0.73mi	2/1.0	1,201 (+5%)	4mo	$155,000	$129	54
4215 Camden Ave	0.68mi	2/1.5	1,050 (-8%)	1mo	$115,000	$110	52
3071 Arcadia Ave	0.40mi	3/1.5 (+1)	1,301 (+14%)	4mo	$115,000	$88	48
4013 Newport Ave	0.57mi	3/1.5 (+1)	1,257 (+10%)	4mo	$190,000	$151	46
3337 Martin Ave	0.72mi	3/1.0 (+1)	1,053 (-8%)	4mo	$147,000	$140	45
5302 N 39th Cir	0.44mi	3/2.0 (+1)	1,300 (+14%)	5mo	$120,000	$92	43
5005 N 41 St	0.65mi	2/1.0	992 (-13%)	6mo	$65,000	$66	42
5340 N 28th Ave	0.72mi	2/1.0	970 (-15%)	6mo	$82,000	$85	36

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

10.0% appreciation · 3.22% rent growth · sell at horizon

5-year hold

• IRR: 37.2%
• Equity multiple: 3.88×
• Total profit: $74,471
• Equity at exit: $83,331

10-year hold

• IRR: 32.1%
• Equity multiple: 8.77×
• Total profit: $201,217
• Equity at exit: $179,707

Cash invested: $25,900 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 83 Strongly Landlord-Friendly
• State Nebraska: 83 Strongly Landlord-Friendly · R+13
• County: — inherits STATE
• City: — inherits STATE

3-day pay-or-quit; preempted; moderate court pace.

Methodology + full state rankings →

ZIP-level market 68111

• Home prices YoY: 4.0%
• Rents YoY: 3.2%
• Active inventory: 140
• Price-to-rent: 6.0×

Monthly cashflow live

• Estimated rent: $1,282 high
• Mortgage (P&I): −$485
• Tax est. 1.5%: −$116 /mo · $1,388/yr
• Insurance: −$39
• HOA: −$0
• Vacancy / Maint / Mgmt: −$269
• Net cashflow: $374

Break-even live

Break-even rent $809

Max offer price $92,500

Occupancy floor 66%

Sensitivity live

Price	-10% $437	-5% $405	+0% $374	+5% $342	+10% $310
Rent	-10% $272	-5% $323	+0% $374	+5% $424	+10% $475
Rate	-1.0pp $420	-0.5pp $397	base $374	+0.5pp $350	+1.0pp $325

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $23,125
• Closing costs: $2,775
• Reserves months: —
• Total cash needed: —

Rent comps 25 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3941 Himebaugh Ave Omaha, NE	2.0	1.0	720	$1,350	$1.88	26d	1	0.31mi
6124 N 30th St Unit STREET2 Omaha, NE	2.0	1.0	1190	$1,075	$0.90	46d	1	0.56mi
4018 Bauman Ave Omaha, NE	3.0	1.0	925	$1,380	$1.49	46d	1	0.58mi
2873 Kansas Ave Omaha, NE	3.0	2.0	1112	$1,450	$1.30	26d	1	0.62mi
5922 N 28th Ave Omaha, NE	2.0	1.0	764	$950	$1.24	5d	1	0.66mi
4414 Curtis Ave Unit CRAWFORD 4414/B Omaha, NE	1.0	1.0	765	$745	$0.97	26d	1	0.69mi
4460 Redman Ave Omaha, NE	3.0	1.0	750	$950	$1.27	46d	1	0.71mi
3164 Ida St Omaha, NE	3.0	1.0	946	$1,600	$1.69	46d	1	0.74mi
3164 Ida St Omaha, NE	3.0	1.0	946	$1,600	$1.69	4d	1	0.74mi
3164 Ida St Omaha, NE	3.0	1.0	946	$1,600	$1.69	13d	1	0.74mi
4470 Redman Ave Unit 4470A Omaha, NE	2.0	1.5	980	$1,050	$1.07	13d	1	0.75mi
4707 N 40th Ave Omaha, NE	3.0	1.0	1337	$1,500	$1.12	23d	1	0.78mi
2723 Newport Ave Omaha, NE	2.0	1.0	1079	$1,450	$1.34	4d	1	0.88mi
3030 Ernst St Omaha, NE	3.0	2.0	1500	$1,500	$1.00	5d	1	1.00mi
4657 Camden Ave Omaha, NE	3.0	1.0	1250	$1,500	$1.20	46d	1	1.04mi
3138 Weber Cir Omaha, NE	2.0	1.0	750	$1,200	$1.60	46d	1	1.06mi
4918 Ames Ave Unit 17 Omaha, NE	2.0	1.5	1074	$850	$0.79	26d	1	1.36mi
4918 Ames Ave Apt 13 Omaha, NE	1.0	1.0	974	$750	$0.77	46d	1	1.36mi
4844 Taylor St Apt 1 Omaha, NE	1.0	1.0	700	$795	$1.14	5d	1	1.39mi
4844 Taylor St Apt 4 Omaha, NE	2.0	1.0	750	$925	$1.23	26d	1	1.39mi
6327 N 51st Ave Omaha, NE	3.0	1.0	860	$1,450	$1.69	26d	1	1.42mi
4852 Boyd St Omaha, NE	2.0	2.0	912	$1,500	$1.64	46d	1	1.45mi
4112 N 48th St Unit 3 Omaha, NE	2.0	1.0	800	$850	$1.06	26d	1	1.46mi
4112 N 48th St Omaha, NE	2.0	1.0	825	$899	$1.09	13d	2	1.46mi
4112 N 48th St Unit 2 Omaha, NE	2.0	1.0	800	$899	$1.12	26d	1	1.46mi

Listing history 3 events

1. 2026-05-22
   listed $92,500
2. 2026-05-22
   historical
3. 2001-04-23
   soldstatus $55,000

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 3/10 Moderate 7 d/yr ≥105°F today · 15 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 2/10 Low 0 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $15,384
• − Mortgage interest: −$5,181
• − Property taxes: −$1,388
• − Insurance: −$462
• − Repairs & maintenance: −$1,231
• − Management: −$1,231
• − Depreciation: −$2,691
• Taxable income: $3,200
• Est. tax owed @ 24.0%: −$768
• After-tax cash flow: $3,714/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Omaha Public Schools
• NCES district ID: 3174820
• Math proficiency: 20% ▼ -10.00%
• Reading proficiency: 28% ▼ -5.00%
• Median HH income: $46,039
• Composite: 20.83/100
• National rank: #8502
• State rank: #110 of 111 in NE

Livability — Omaha

• Score: 84/100
• State rank: #7
• US rank: #663

Category grades

Amenities A+ Commute A+ Cost of living A+ Crime F Employment B- Housing A+ Health & safety A+ User ratings D

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Omaha, NE
• County: Douglas County · 538,646 people
• City population: 552,986
• Metro: Omaha-Council Bluffs, NE-IA
• Population (ZIP): 24,210
• Household income: $42,185
• Rent vs Own: 60.3% rent · 39.7% own
• Severe rent burden: 1913.0

Population outlook (Douglas County) Hauer SSP2

• Today (2025): 625,245 people
• By 2030: 661,613 · +5.8%
• By 2040: 732,395 · +17.1%
• By 2050: 801,988 · +28.3%
• By 2075: 968,637 · +54.9%
• By 2100: 1,101,871 · +76.2%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.65)
• Race & ethnicity: Black 52% Hispanic / Latino 21% White 17% Two or more races 15% Asian 3% Native American 1%
• Hispanic origin (detail): Mexican 14%
• Common ancestry: Ukrainian 3% Lithuanian 0%
• Foreign-born: 14% · Canada, Philippines
• Languages at home: 75% English-only · Spanish 16% Other Asian/Pacific 3% French/Haitian/Cajun 1%

Political lean MEDSL · Douglas

• 2024 margin: D (+10.2) · D 54.4% · R 44.2% · Other 1.4%
• 2008→2024 swing: +5.5pp toward D · 2008: 4.6pp · 2024: 10.2pp
• All cycles: 2024: D+10.2 2020: D+11.3 2016: D+1.4 2012: R+4.3 2008: D+4.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 13.82%
• Current HPI: 358.7174
• Rent YoY: ▲ 3.22%
• Metro: Omaha-Council Bluffs, NE-IA
• State GDP YoY: ▲ 0.68%
• F500 in state: 2

Industry mix (Fortune 500 HQ in NE)

Industry	F500 HQs	Revenue
▸Conglomerate	1	$371B

Price history

+68.2% since first listed

3 events — show timeline

• 2026-05-22 Listing Removed — GPRMLS
• 2026-05-22 Listed $92,500 GPRMLS
• 2001-04-23 Sold (Public Records) $55,000 Public Records

Property tax history

-26.4%/yr

Latest (2025): $36 · +5.7% YoY. Source: county tax records.